Maxim Group analyst Stephen Anderson maintained a Buy rating on BJ’s Restaurants (NASDAQ: BJRI) today and set a price target of $84. The company’s shares closed yesterday at $62.57.
Anderson observed:
“We maintain our Buy rating on BJ’s Restaurants (BJRI) and raise our price target to $84, from $81, following the company’s triple-beat 3Q18 (September).”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 13.7% and a 71.6% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on BJ’s Restaurants is a Hold with an average price target of $69, a 10.3% upside from current levels. In a report released today, Wedbush also maintained a Buy rating on the stock with a $75 price target.
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BJ’s Restaurants’ market cap is currently $1.31B and has a P/E ratio of 23.00. The company has a Price to Book ratio of 4.45.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. Last month, Lon Ledwith, the EVP Operations of BJRI sold 11,211 shares for a total of $845,758.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BJ’s Restaurants, Inc. engages in the ownership and operation of casual dining restaurants. It operates BJ’s Restaurant and Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza and Grill or BJ’s Grill. It offers pizzas, appetizers, specialty salads, soups, pastas, sandwiches, entrées, desserts, and proprietary craft beers.
